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15.10.202112:10 Forex Analysis & Reviews: Trading idea for EUR/USD

Exchange Rates 15.10.2021 analysis

EUR / USD is currently trading between the 50% and 61.8% retracement levels.

Exchange Rates 15.10.2021 analysis

The H1 chart shows that there is a strong pressure at 1.16500.

Exchange Rates 15.10.2021 analysis

As such, traders should close 2/3 of the positions upon reaching 1.16500 and leave 1/3 until the price hits 1.19.

Exchange Rates 15.10.2021 analysis

Be careful on going short amid a weak dollar!

This analysis is based on Price Action and Stop Hunting strategies.

Good luck and have a nice day!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Andrey Shevchenko,
الخبير التحليلي لدى شركة إنستافوركس
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